CBCD
CBCD stands for Central Bank Digital Currency. It is a digital form of a country's fiat currency that is also a direct liability of the central bank. Unlike cryptocurrencies, which are typically decentralized and operate on distributed ledger technology, a CBDC would be centralized and issued by the monetary authority of a nation.
The concept of CBDCs is being explored by central banks worldwide for various potential benefits. These can
CBDCs could also offer new tools for monetary policy implementation. For example, a central bank might be
Key considerations include privacy concerns, cybersecurity risks, the potential impact on commercial banks, and the technological